*COVID-19 update: We are fully operational to discuss our franchise opportunity with you via phone or video. To see the latest support we are providing for our franchisees and clients, please click here.

"I always believed that the back-up of the Support Centre would be both reassuring and an invaluable asset that most sole practitioners can never experience. Indeed, this has always been the case but never more so than now. They have been absolutely brilliant and I would be amazed if any other accountancy organisation has got anywhere close to delivering what they have." - Nick Sims, TaxAssist Devizes & Chippenham

Bank Funding

We can facilitate lending in order to get your business up and running.

Bank logos


TaxAssist Accountants has 'Category A' status with NatWest, HSBC, Barclays and the Lloyds Banking Group. These banks all have dedicated Franchise departments and are very supportive of the TaxAssist Franchise.


We work closely with the franchise departments of these banks and provide regular updates on our franchise to ensure that the local relationship managers are properly briefed when they meet with you.

We're pleased to say that every franchisee requiring funding whose business plan has been signed off by ourselves, has received the funding that they required, with franchisees borrowing anything from £25,000 up to £500,000 for a franchise resale.

Typically the banks will provide lending for up to 70% of the total investment, including working capital. Facilities include:

  • Highly competitive rates
  • Fixed & variable rate loans
  • Committed overdrafts
  • Business charge cards

For loans over £35,000 the banks will look for security, typically a second charge over a property or other suitable asset, but this can vary between banks and personal circumstances. Where security isn't available, the banks have access to the Enterprise Finance Guarantee Scheme (EFG).

The EFG is a Government backed initiative whereby the Government provides security for 75% of the loan amount and the bank will then take a view on the 25%. As the majority of our franchisees are borrowing less than £100,000 the 25% is usually less than the £25,000 threshold for unsecured lending.

It should be noted that guarantees are taken from the individual for 100% of the facility provided, and whilst the government provides a guarantee to the lender for 75% of the loan, the borrower is liable for the full amount.

The EFG is a more expensive route as there is a 2% annual premium on the outstanding loan amount which the Government charges for providing the security, but if all other aspects of the application stack up and the only issue is the lack of security, then the EFG is an attractive route which many franchisees have benefited from.

Vital to securing funding is your business plan and we work with you to create a business plan that is both realistic and in a format that is accepted by the banks to give you the best chance of securing the funding that you require.

Call us to discuss your funding requirements to find out how we can help.


Join us for a discovery day

Book your place

Find out more.